Retail Details, Volume 177

Research evidence excerpt

Retail Details, Volume 177

June 28, 2026 Retail Details, Volume 177

Vans Surges on StockX, Vuori Expansion in China, New Meta Glasses,

Irina Shayk for Revolve Los Angeles Janine Stichter

(212) 738-6052 jstichter@btig.comCONSUMER WHAT YOU SHOULD KNOW: Ethan Saghi

■ Retail Details is our weekend “light reading” update note covering industry reads (212) 588-6595 esaghi@btig.com

with implications for our coverage, tidbits across our covered companies, and

developments across the private company ecosystem. In this week's note, weRETAIL highlight: (1) Vans (a div. of VFC, Buy, $23 PT), (2) Vuori (Private) targets China

Expansion, (3) Meta (META, Not Rated) launches new, lower-priced AI-powered

glasses, and (4) Revolve (RVLV, Buy, $35 PT) enlists Irina Shayak in Revolve LosAND Angeles campaign.

■ Vans 'Old Skool' Surges on StockX. StockX (Private) data highlighted Vans LX

Old Skool 36 Pearlized Pack in Black Navy (see Exhibit 1) delivering Vans’ best

release-day performance so far this year and ranking as the No. 2 Vans release-day

performance in StockX history. More broadly, StockX says Old Skool sales are upLIFESTYLE more than 800% with average prices up nearly 40% YoY. OUR TAKE: This supports

our recent VFC upgrade (see here). As management noted on the F'Q4 call (note

here), Classics declines have been moderating, which we believe has continued into

F'Q1 (see Exhibit 2 showing rising Search Interest for the Old Skool). The brand is

also regaining cultural mindshare with Undercover (Private) collaboration on OTWBRANDS silhouettes (Slip-On 98, Sk8-Hi), and Pharrell’s Louis Vuitton (LVMH, Not Rated)

Combi sneakers being noted for their resemblance to Vans Authentic.

■ Vuori Targets China Expansion. Vuori is expanding internationally with China as a

key focus.